In a significant move aimed at expanding its residential business, the House of Abhinandan Lodha has unveiled plans to invest ₹1,800 crore in the financial year 2024-25.
As reported by the Mint, this substantial investment will be allocated towards land acquisition, project construction, and the development of new residential plots. The company’s chairperson, Abhinandan Lodha, announced these plans on Sunday, August 4, highlighting the firm’s commitment to growth and expansion in the Indian real estate market.
The total capital expenditure (capex) for the 2024-25 fiscal year is set at approximately ₹1,800 crore. Of this amount, ₹550 crore will be specifically directed towards construction activities, while the remaining funds will be used for land acquisitions. This strategic allocation underscores the company’s focus on both expanding its land bank and accelerating the construction of new residential projects.
Founded in 2021, the House of Abhinandan Lodha has quickly established a significant presence in the real estate sector. The company has launched nearly 10 plotted projects spanning over 650 acres in key locations such as Maharashtra, Goa, and Ayodhya in Uttar Pradesh. The demand for residential plots has surged, particularly in the aftermath of the COVID-19 pandemic, as more individuals seek spacious living environments.
Abhinandan Lodha, the chairperson, noted the strong market demand: “We have launched more than 6,000 plots in the last three years and plan to launch more than 2,000 plots by the end of this calendar year.” This ambitious target reflects the company’s proactive approach to meeting the rising demand for residential plots.
One of the standout aspects of the House of Abhinandan Lodha’s strategy is its financial stability. The company operates on a net debt-free basis and plans to fund its capex needs through internal accruals. This approach not only ensures financial prudence but also positions the company for sustainable growth.
As part of its expansion plan, the House of Abhinandan Lodha has identified 48 cities across India with high potential for plotted development. These cities are characterized by upcoming infrastructure projects and increasing tourist activity, making them attractive for real estate development.
Future Projects
The House of Abhinandan Lodha offers plots at various price points, ranging from ₹10 lakh to ₹15 crore, depending on the location. This diverse portfolio caters to a wide range of buyers, from budget-conscious individuals to those seeking premium properties. Upcoming project launches are planned in Amritsar, Varanasi, and Shimla, further expanding the company’s footprint in key regions.
In the current year alone, the company has successfully delivered two projects and plans to complete several more by the end of the calendar year. This consistent delivery of projects highlights the firm’s commitment to meeting its development timelines and maintaining customer satisfaction.
The House of Abhinandan Lodha is part of Lodha Ventures, established by Abhinandan Lodha after his exit from Macrotech Developers. The company operates independently under the brand name “House of Abhinandan Lodha,” distinguishing itself from Macrotech Developers, which operates under the “Lodha” brand.
Abhinandan Lodha emphasized the unique identity of his venture, “We use the name House of Abhinandan Lodha very clearly. All buyers understand that this is my name. Macrotech Developers works under the brand ‘Lodha’. It’s a common surname, but House of Abhinandan Lodha is completely distinct from Macrotech Developers.”
The House of Abhinandan Lodha’s ambitious investment and expansion plans signify a robust commitment to growth in the Indian real estate sector. By strategically allocating funds for land acquisition and construction, the company aims to meet the growing demand for residential plots and enhance its market presence. With a focus on financial stability, diverse offerings, and a distinctive brand identity, the House of Abhinandan Lodha is well-positioned for sustained success and continued expansion.